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it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the recession came in in 2009 and i guess bush was leaving and obama was coming in. how could they extend them that long when i am 47 years old and i have never done it in my life until 2009. yet these people were able to go way
it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility and have to look capps. there are some important steps forward in the american recovery act -- too low caps. there are some important steps forward and the american recovery act. i do not see a lot of prospects for much greater federal involvement any time soon. host: mableton, illinois on the line for independents. caller: i want to direct this to mr. tanner. i have never been in debt. i have a retirement, have a very nice pension from the state of california bar when i was a state police officer. -- for when i was a state police officer. we're not putting enough emphasis on what has happ
tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highest level of weeks allowed right now because of their differing unemployment rates. guest: it is administered by states. i think a lot of the state programs are too restrictive in their eligibility...
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this will be the third such order issued by the government. the last time was in april when north korea launched another rocket. it blew up less than two minutes after lift off. u.s. officers are also on alert. >> those ships are capable of participates in defense. we will go forward with that as we did in the last time. >> he said officers will be able to track the missile's flight path. the north koreans have refined their technology so the probability of success has increased. the timing of the launch coincides with the presidential election campaign in south ko a korea. >> translator: today marks a watershed in the presidential campaign. i will do everything i can for the south korean people. >> translator: i promise to achieve a change of government. i would also like to realize a new era in politics. >> ahn said he'll join moon's campaign tour. the two couldn't agree on which one of them should run against the ruling party. so ahn withdrew from the race two weeks ago. the latest opinion poll suggests pak leads moon by about five percenta
this will be the third such order issued by the government. the last time was in april when north korea launched another rocket. it blew up less than two minutes after lift off. u.s. officers are also on alert. >> those ships are capable of participates in defense. we will go forward with that as we did in the last time. >> he said officers will be able to track the missile's flight path. the north koreans have refined their technology so the probability of success has increased....
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government to build the world's biggest stage. india has warned it's prepared to use force to secure its economic interests in the south china sea it's after allegations that beijing had deliberately had put its rivals oil and gas exploration efforts as r.t. as you go to prescreen off reports if they can settle they disappeared amicably there are others who are ready to take full advantage. let's join in india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the two asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power with government. over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich nations have all hidden under the south china sea china claims most of the territory for itself but india has also managed to get access by buying a stake in a
government to build the world's biggest stage. india has warned it's prepared to use force to secure its economic interests in the south china sea it's after allegations that beijing had deliberately had put its rivals oil and gas exploration efforts as r.t. as you go to prescreen off reports if they can settle they disappeared amicably there are others who are ready to take full advantage. let's join in india rise economically their military muscles are growing as well both need energy to keep...
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instead of issuing warnings for the syrian government the international community should be concerned about anti acid fighters using chemical weapons that's the view of middle east expert tawfiq honeyed. i don't see that the are so the regime style is the style that will likely use the chemical weapons against his people and how however when it comes to the jihadists attacking him. in the last moments you never know what can happen again these jihadists what is important to mention a vital issue here that the jihadists are even more dangerous if they got this chemical weapons in their head so if you're told that the regime may use this chemical weapons of possibility that the jihadist will use it again with their opponents will be much much more all the jihadists have no problem to behead people alive you deal with people like bin ladin and there are because of al qaida who have no his it is to use any form of whip around to really like control any place. religious believes and ideology. and there's unverified evidence are suggesting there anti outside forces may actually be seeking t
instead of issuing warnings for the syrian government the international community should be concerned about anti acid fighters using chemical weapons that's the view of middle east expert tawfiq honeyed. i don't see that the are so the regime style is the style that will likely use the chemical weapons against his people and how however when it comes to the jihadists attacking him. in the last moments you never know what can happen again these jihadists what is important to mention a vital...
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government to build a village they think should. russia is to deny visas to american officials who while a human rights the eye for an eye response from a moscow came after the american senate approved a travel ban on a number of russians facing similar accusations archies usage has been up as more on a fresh diplomatic spat between moscow and washington. the diplomatic row was sparked by a provision a controversial provision in u.s. passed legislation that essentially normalizes trade relations between the two countries is the magnitsky act after moscow attorney who tragically died in two thousand and nine. the legislation seeks to name and shame russian officials allegedly involved in corruption effectively forbids them from traveling to and investing in the united states now this move was met with a furious response here in moscow with the russian foreign ministry saying publicly that it is nothing quote but a vindictive desire to counter russia in world affairs it is quote perplexing and propose to hear human rights complaints f
government to build a village they think should. russia is to deny visas to american officials who while a human rights the eye for an eye response from a moscow came after the american senate approved a travel ban on a number of russians facing similar accusations archies usage has been up as more on a fresh diplomatic spat between moscow and washington. the diplomatic row was sparked by a provision a controversial provision in u.s. passed legislation that essentially normalizes trade...
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government to build the space station. the ambitious multi-billion dollar pipeline is now officially under construction the project brings together europe's biggest energy giants and we'll see russian gas pumps straight to the continent. reports. also on the school's winter day in may not sound like it but this beach is a gateway to fun and sun to solve a new russians during their holidays and now this place will also become a gateway for russian gas and so europe this day marks the start of the construction of one of the most ambitious and certainly expensive supply systems on earth no surprise there was plenty of fun i think groundbreaking ceremony such as to the importance of being placed on the project that president clinton himself was here at the gulf stream five land will go directly from the black sea to bulgaria and on to greece as sleek and austria the project was dreamed up on to the idea the more the mary and not the was of the more punchlines the more secure the delivery to customers will be now it's a need th
government to build the space station. the ambitious multi-billion dollar pipeline is now officially under construction the project brings together europe's biggest energy giants and we'll see russian gas pumps straight to the continent. reports. also on the school's winter day in may not sound like it but this beach is a gateway to fun and sun to solve a new russians during their holidays and now this place will also become a gateway for russian gas and so europe this day marks the start of...
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is concerned rebel breakthroughs could force the government into a chemical attack something the white house says would trigger foreign intervention washington reportedly please president assad is preparing to use chemical weapons and started college can reports allegations could be all it takes. u.s. officials said intelligence agencies have detected that assad's government has been preparing its chemical weapons stockpiles for possible use the obama administration's message to syria the u.s. is ready to act if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable there will be consequences. there will be consequences we have sent a unmistakable message that this would cross a red line how does america the media quickly picked up on the alarming news of the syrian government's alleged plans citing secret intelligence for fox news confirms that syrian troops now have the deadly nerve agent sarin gas weaponized and at the ready the syrian government flatly denied the possibility saying it would not use such weapons against its peo
is concerned rebel breakthroughs could force the government into a chemical attack something the white house says would trigger foreign intervention washington reportedly please president assad is preparing to use chemical weapons and started college can reports allegations could be all it takes. u.s. officials said intelligence agencies have detected that assad's government has been preparing its chemical weapons stockpiles for possible use the obama administration's message to syria the u.s....
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of the stabilize a legitimate government of things go in the direction of that i haven't. from the front of the lobby another but on a large regional. a student has been found guilty in a british court of involvement in a cyber attack on global online payment companies. most a card would targeted after it blocked all funds meant for whistle blowing site wiki leaks the twenty two year old who has maintained his innocence is no facing jail sentence or smith is following the case the crime is basically a revenge attack against those companies that blockaded wiki leaks pay pal master card fees and other online payment companies they banned wiki leaks from taking payments through their organizations which essentially brought with you to its knees and anonymous the act the online activist organization then. put this block on them as well as distributed denial of service attack christopher weatherhead has been convicted of participating in that attack and now this is a crime it's a crime that's called conspiracy to impair the operations of computers but it is ultimately a crime o
of the stabilize a legitimate government of things go in the direction of that i haven't. from the front of the lobby another but on a large regional. a student has been found guilty in a british court of involvement in a cyber attack on global online payment companies. most a card would targeted after it blocked all funds meant for whistle blowing site wiki leaks the twenty two year old who has maintained his innocence is no facing jail sentence or smith is following the case the crime is...
SFGTV: San Francisco Government Television
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attached to your package outlines and describes the requirements of this particular project that it would govern. the time line, if you were to approve, would be the following. you can see on the slide here -- i'm reiterating how the costs are allocated between the two departments in our project time line that we would undertake community outreach in january through march. back before you here at the commission with the actual capital project in april. construction documents made through august. award of contract the end of next year with construction in february through july of 2014. then have the project complete and ready to reopen in august of 2014. this project is supported by the alamo square neighborhood association. some of which members are here today. we do not know of any opposition and recommendation before you is approval of the proposed memorandum of understanding between our department and the p.u.c. to implement this project. >> commissioner harrison. >> excuse me lack of familiarity with no mow grass. is that decorative, like mondo? >> not exactly. it is a california native. if
attached to your package outlines and describes the requirements of this particular project that it would govern. the time line, if you were to approve, would be the following. you can see on the slide here -- i'm reiterating how the costs are allocated between the two departments in our project time line that we would undertake community outreach in january through march. back before you here at the commission with the actual capital project in april. construction documents made through...
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what governments means. thank you. [applause] this too we are happy to take questions. >> do you believe the american people clearly understand what is at stake? we have tended to not focus i don't believe without quite pressure and clarity on what will happen if we continue. i have only seen one study myself of the various options for how the economy will react if, for example, we go to the window to raise more money, and simply fail without a sharp increase. that would be one scenario. another would be devotee of the suez canal crisis where i guess it was our own president eisenhower who informed anthony eden that if they didn't pull their troops out of suez when they landed to take over from the nationalization, we wouldn't roll over their debt. they left. i'm just not sure as i go from seminar to seminar that the fixed that this morning for example, there was no one sitting their like yourself or anyone else that says i am the person who represents the debt. the negative cost of new decisions, the costs always are
what governments means. thank you. [applause] this too we are happy to take questions. >> do you believe the american people clearly understand what is at stake? we have tended to not focus i don't believe without quite pressure and clarity on what will happen if we continue. i have only seen one study myself of the various options for how the economy will react if, for example, we go to the window to raise more money, and simply fail without a sharp increase. that would be one scenario....
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the chemical scare on syria is receiving a skeptical response not only from us of government but now the very people seeking to bring him down a singer rebel official has dismissed washington's reports that assad was arming chemical warheads say it was all part of a media game but as always he's going to cheat again reports even fabricated allegations can prove deadly. u.s. officials said intelligence agencies have detected that assad's government has been preparing its chemical weapons stockpiles for possible use the obama administration's message to syria the u.s. is ready to act if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable there will be consequences. there will be consequences we have sent a an unmistakable message that this would cross a red line next how does america the media quickly picked up on the alarming news of the syrian government's alleged plans citing secret intelligence for fox news confirms that syrian troops now have the deadly nerve agent sarin gas weaponized and at the ready the syrian governmen
the chemical scare on syria is receiving a skeptical response not only from us of government but now the very people seeking to bring him down a singer rebel official has dismissed washington's reports that assad was arming chemical warheads say it was all part of a media game but as always he's going to cheat again reports even fabricated allegations can prove deadly. u.s. officials said intelligence agencies have detected that assad's government has been preparing its chemical weapons...
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this as they ask for the federal government for more help in trying to pick up the pieces. mike emmanuel has a look at the plea for hem. >> bridges in new jersey and new york brought by law makers in the region. they testified at the senate hearing in capitol hill about the incredible damage super storm sandy inflicted on the transportation super center. >> this one subway station will cost nearly 600 million to repair. >> it was the largest mass transit disaster in our nation's history. 4 out of 10 of the nation's transit riders, of the nation's transit riders have their commutes disrupted by the storm. many of them still do today. >> miles of tracks and tunnels were flooded with corrosive salt water 12 subway stations were damaged or destroyed and half a million transit riders are still experiencing severe destruction. >> the focus is not just on trains and tunnels but also the courts two of the busiest of the nation both suffered heavy damage. >> what happens in our court district effects the entire nation. the storm ripples through the entire country. we must not lose s
this as they ask for the federal government for more help in trying to pick up the pieces. mike emmanuel has a look at the plea for hem. >> bridges in new jersey and new york brought by law makers in the region. they testified at the senate hearing in capitol hill about the incredible damage super storm sandy inflicted on the transportation super center. >> this one subway station will cost nearly 600 million to repair. >> it was the largest mass transit disaster in our...
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for the government or you will die like these two rabbits you enemies of our city believe it. with our chemical biological weapons look for yourselves b.c.b.s. rabbits' they inhaled chemical weapons for one minute only did your destiny will be like them because you are supporters of bashar al assad god is great god is great way to see we are from the our. battalion. with our chemical weapons with our. middle east expert tawfiq has made to believe there are any chemical weapons rebels are much more likely to use them against civilians than assad. i don't see the regime style is the side that will likely use the chemical weapons against his people and how how ever when it comes to the jihadists attacking him. in the last moments you never know what can happen again these jihadists what is important to mention a vital issue here that the jihadists are even more dangerous dog these chemical weapons in their head so if you are told that the regime may use this chemical weapons of possibility that the jihadist will use it again in their opponents will be much much more that you have
for the government or you will die like these two rabbits you enemies of our city believe it. with our chemical biological weapons look for yourselves b.c.b.s. rabbits' they inhaled chemical weapons for one minute only did your destiny will be like them because you are supporters of bashar al assad god is great god is great way to see we are from the our. battalion. with our chemical weapons with our. middle east expert tawfiq has made to believe there are any chemical weapons rebels are much...
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government to not let the u.n. have control over the internet three hundred ninety seven votes against zero but you know some people are saying that while congress is saying oh we just want to make sure the internet is free their excuse is you know the internet has to be free from government control critics are saying let's look at the bigger picture it's quite likely that congress is more interested in not letting any sort of international body get involved in something that it could have power by itself at home and the i to you has been saying to the u.s. relax this is really something that we're just a u.n. body we can't really have power over it what goes in the in the united states but congress has definitely been taking these precautionary measures and making sure that the u.s. president really hears that this is something that they don't want by any means while honest. congress has made it here in the u.s. has made cyber security a top priority attempting to pass through legislation to regulate the internet.
government to not let the u.n. have control over the internet three hundred ninety seven votes against zero but you know some people are saying that while congress is saying oh we just want to make sure the internet is free their excuse is you know the internet has to be free from government control critics are saying let's look at the bigger picture it's quite likely that congress is more interested in not letting any sort of international body get involved in something that it could have...
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christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from
christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront...
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while the interim government has made progress in strengthening governments, preparation for elections are moving slowly. we continue to strongly encourage the interim government to set a date for election and elections and to develop a roadmap for the transition to a new democratically-elected government. the united states, along with the international community, stands ready to assist mali in conduct doing free, fair and transparent elections. the interim government should build on the preparations that were undertaken before the aborted april 2012 election and hold elections by april 2013 with as many voters as possible. the united states look forward to working with the interim government and the international community to examine the best mechanism to ensure that voters from all regions of mali, including those in refugee camps in neighboring countries, can participate in national elections. as mali moves through its current political transition, we have been clear and unequivocal in our messages to coup leader captain sunoco and the malian need for captain sunoco to leave the pol
while the interim government has made progress in strengthening governments, preparation for elections are moving slowly. we continue to strongly encourage the interim government to set a date for election and elections and to develop a roadmap for the transition to a new democratically-elected government. the united states, along with the international community, stands ready to assist mali in conduct doing free, fair and transparent elections. the interim government should build on the...
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we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first of all, i'm in the top 2%. i'm paying 45% of my total income in income tacks boxes to state of connecticut and the government. >> you need a better accountant, peter. >> more than half of my income is going to go to the government. you tell me, what's fair about that? >> i'll tell you what's fair about that -- >> i'm paying half. excuse me. i don't care what the majority voted to do. they don't have a right to steal my money just because they vote for it. >> i'll tell you what the problem is. we're in a crisis. we're in a crisis caused by the bu
we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first...
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another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth? >> well, because we've got a lot of other issues. they built the cliff and now they're trying to keep us from going over it but it is all a sort of self-made crisis if you will from the policy perspective. i think tom is right, there is a lot of structural issues holding the u.s. back. there's still deleveraging on the household side. businesses are stuck in a cautious state and probably rightly so. it's going to be a grind getting to higher rates of growth. and that's -- getting the expectations right is actually a good thing. we were overly optimi
another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth?...
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for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a hugenvestment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that is happening to us. we sense it. we know it. we have studied it. and now we are trying to prepare for it. >> reporter: with the cost of repairing the damage from sandy now totaling more than $50 billion for new york and new jersey alone, cities like norfolk are working hard to invest to protect themselves before the next big storm hits. >> woodruff: by the end of the week, the white house is expecteto ask congress for an additional $50 billion to $60 billion to cover the cost of repairs from sandy's devastation. and online, you can watch our upcoming story about shellfish th
for that, the city will need help from the state and federal government. the election, following sandy, brought a renewed focus on bipartisanship and the need to invest in storm protection. but mayor fraim will be competing with other coastal areas to secure much needed federal dollars. >> there is a hugenvestment by the nation for its defense here and we are the only home for nuclear aircraft carriers on the entire atlantic coast. we are worth preserving for sure. it is something that is...
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two thousand and seven when wall street crashed our economy and there's a long history of the federal government bailing out broke cities republican president gerry ford for example loaned to new york city two billion dollars one hundred seventy five to help that city avoid going broke rather than spending billions maybe trillions on nation building in iraq and afghanistan but doing some nation building here at home and starting with detroit joining me now is pastor dia alexander bullock president of rainbow push detroit and president of the highland park michigan and be pastor bullock it is always great to have you said to be here good to be here so so what do you make of councilwoman watson's appeal i know they're trashing her over at fox news and in the right wing radio sphere of saying you know you know we voted for you know we want something back this is the you know whatever santa clause stuff or indeed it's not a santa clause comment the queen mother as we call her joanne watson has been on the battlefield for a long time and she stood with the people and she remembers coleman alexander y
two thousand and seven when wall street crashed our economy and there's a long history of the federal government bailing out broke cities republican president gerry ford for example loaned to new york city two billion dollars one hundred seventy five to help that city avoid going broke rather than spending billions maybe trillions on nation building in iraq and afghanistan but doing some nation building here at home and starting with detroit joining me now is pastor dia alexander bullock...
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stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in industrial waste water treatment. so we took an application that we use in the food industry and apply to oil and gas industry because both of them have one thing in common. stuart: environmentalists are concerned about fracking. if you inject this water and sand and chemicals the underground, you can pollute the water supply. you are te
stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you...
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it's not just about paying some it's not just about paying some government tad have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufresne when he quizzes the warden, that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of how well we could be doing, think about this. the moribund, ossified and barely capitalist continent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, sweden, france, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with their
it's not just about paying some it's not just about paying some government tad have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufresne when he quizzes the warden, that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically...
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and the department of justice is reviewing possible action >> the federal government may prosecute anyone who uses marijuana on federal land, marijuana on federal land, parks, courthouses, and could go after the large-scale growers who supply the marijuana. >> reporter: but attitudes towards pot may be changing, where just say no filling tv screens now shows pot as a suburban staple. in a new poll, americans favor it being legal, 51-44%. >> i think cigarettes and alcohol are a lot more dangerous. >> i personally don't do it or encourage my kids to do it. >> reporter: next month, colorado will make possession there legal, while at least five other states are expected to take up the matter soon. more debates just getting fired up as washington state tries to navigate the still hazy logistics of legalizing pot. kristen dahlgren, los angeles. >>> and now to d.c., on the fiscal cliff, 26 days to go before the deadline. president obama was back at it campaign-style. went to the home of one middle class family in virginia, saying if the middle class tax cuts expire when the deadline hits it will
and the department of justice is reviewing possible action >> the federal government may prosecute anyone who uses marijuana on federal land, marijuana on federal land, parks, courthouses, and could go after the large-scale growers who supply the marijuana. >> reporter: but attitudes towards pot may be changing, where just say no filling tv screens now shows pot as a suburban staple. in a new poll, americans favor it being legal, 51-44%. >> i think cigarettes and alcohol are a...
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the government waste doesn't end there. it's coming up on "world news now." ♪ thriller thriller ♪ you're fighting for your life ♪ >> announcer: "world news now" weather brought to you by five hour energy. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. thrillerer ♪ thriller thriller night remember that? >> do it again. >> that was the move. the move. that was the move. >> you guys both know how to move. i don't. >> that's right. >> what does a zombie attack have to do with your tax dollars? one has actually funded the other believe it or not. >> the story is crazy just one example of what some say is a huge waste of money. abc's john karl has more. >> reporter: the zombie apocalypse. this isn't a really bad b movie, it an actual scene from the 2012 counterterrorism summit
the government waste doesn't end there. it's coming up on "world news now." ♪ thriller thriller ♪ you're fighting for your life ♪ >> announcer: "world news now" weather brought to you by five hour energy. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new...
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instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican governor to opt for the federal government to step in and create the exchange. let's turn to former vermont governor howard dean and former chairman of the dnc and contributor to cnbc. governor dean, good to have you with us tonight. i think you know this whole story well. these republi
instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday...
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government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result. euro-dollar already weakening substantially after trichet was pretty bearish with their forecasts. they didn't cut rates. let's get a recap then on what's happened with the final trading day of the week. in asia, the final time this week. >> thank you, ross. asian bourses finished the trading week on a mixed thoet. shanghai composite gained a strong 1.6% today and up over 4% on the week. stocks related to infrastructure xwr growth continue to surge after they look to boost inventment demand by over $6.4 trillion over the next decade. agriculture stocks surged
government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result....
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but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humilit
but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment...
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the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest reported s&p earnings were down. that is the first drop since the bottom of the 08 market. truthfully, some of the estimates for next year, $113 on the s&p. i do not see a lot of growth in earnings next year. it does not bode well. it is hard to be very bullish on the market as a whole. dagen: that he's starts to shrink and stocks all of a sudden look a lot more expensive. are you most concerned about what is happening here in the united states or what you see going on over in europe? what about here and our lack of action in washington? >> obviously, i am very concerned. it shows a lack of con
the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest...